Barclays boss Jes Staley fined £642k over whistleblowing scandal

UK bank will have to provide regulators with annual updates on its whistleblowing procedures

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By

Clare Dickinson

May 11, 2018 Updated: May 13, 2018 12:25 p.m. GMT

Jes Staley, the chief executive of Barclays, has been fined £642,430 by UK financial regulators for his attempts to unmask a whistleblower in 2016.

The fine ends an investigation that began last year after it emerged the CEO had repeatedly tried to identify the author of a letter that raised concerns about one of Staley's former JPMorgan colleagues, who had been hired by the UK bank.